aniah05
aniah05
10.03.2020 • 
Business

Alpha owns 80% of Omega. On 1/1/15, Omega issued $1 million in 10-year bonds paying cash interest of 9% annually. Omega issued the bonds at $938,555, with effective interest at 10%. On 1/1/17, Alpha purchased the bonds for $1,057,466, with effective interest at 8%. What are the journal entries in years 2015, 2016, 2017, and the years afterwards

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